Share market: Sensex-Nifty trading with negative trend, declining in many sectors including IT, Auto
The major stock index Sensex broke over 200 points in early trade on Thursday due to the fall in stocks like Infosys, ICICI Bank and M&M amid negative domestic and global signals. During this period, the Sensex opened with a gain of over 200 points, but soon it went up and the index based on 30 stocks was down by 216.73 points or 0.45 percent to reach 48,327.33. Similarly, the broader NSE Nifty slipped 62.55 points or 0.43 percent to 14,442.25.
If you look at the figures of 10.53 in the morning, then the index has fallen by 326.04 points i.e. 0.67 percent and the index was running at 48,218.02. During this period, the Nifty was trading at a level of 14,417.25, taking a drop of 87.55 points i.e. 0.60 percent.
Infosys fell the most by three percent in the Sensex. Apart from this, M&M, IndusInd Bank, Maruti, Bajaj Finance, Ultratech Cement and ICICI Bank were also trading in the red mark. On the other hand ONGC, Sun Pharma, Dr Reddy’s and Kotak Bank were profitable.
The Sensex rose 660.68 points or 1.38 percent to 48,544.06 in the previous trading session on Tuesday and the Nifty closed up 194 points or 1.36 percent at 14,504.80 points. The markets were closed on Wednesday on Babasaheb Bhimrao Ambedkar Jayanti. Meanwhile, international oil benchmark Brent crude was trading at 66.58 barrels per dollar.
(This news has not been edited by the NDTV team. It has been published directly from the Syndicate feed.)